Oil and Gas Leasing Basics

Size: px
Start display at page:

Download "Oil and Gas Leasing Basics"

Transcription

1 Oil and Gas Leasing Basics by Trent A. Echard, Esq. Strassburger McKenna Gutnick & Gefsky Co-Chair of Oil and Gas Practice Group Oil and Gas leases are contracts between an Oil and Gas owner (the OWNER ) and a leasing company (the LEASING COMPANY ). Typically, the main purpose of an Oil and Gas lease is to allow the LEASING COMPANY to produce or extract the Oil and Gas from the property. In exchange, the Owner receives some form of payment, typically a royalty and an up front bonus. This section discusses: u The Parts Of An Oil And Gas Lease v The Oil And Gas Production Rights That Are Conveyed By A Lease w The Additional Rights An Oil And Gas Lease May Convey x How An Owner Is Paid Oil and Gas Leasing Basics 1

2 u THE PARTS OF AN OIL AND GAS LEASE Modern Oil and Gas leases have five parts: (1) a Standardized Lease Form; (2) an Addendum; (3) a Memorandum; (4) a Payment Document; and (5) an Affidavit signed by the OWNER. Most often, LEASING COMPANIES will present an OWNER with a lease proposal that includes a Lease, a Memorandum, a Payment Document, and an Affidavit. The LEASING COMPANY may or may not provide the OWNER with an Addendum. If the LEASING COMPANY does offer an Addendum, the Addendum may not address all of the OWNER S concerns. If the OWNER wants to address additional issues, he or she should first try to address the terms in the Addendum. However, it is important to review all of the parts of a Lease carefully. Standardized lease form: Most LEASING COMPANIES provide a landowner with a lease form that contains the standard terms of the Lease. Most OWNERS consider the standardized lease form to be a starting point for negotiations. Typically, LEASING COMPANIES will not allow any written changes to be made directly on a Standard Lease Form document. Instead, modifications to the lease can be addressed through the Addendum. Occasionally, some terms may be stricken out and initialed. Addendum: Most LEASING COMPANIES prefer that any modifications to the standard lease be made in a document called an Addendum. Typically, the Addendum will include a list of provisions that modify the standard lease form. The Addendum will often indicate that it controls over the lease if they conflict. This is typically the place to address virtually any concerns. Here are some examples of the topics that Addendum clauses can address: restrictions on the LEASING COMPANY s right to use the surface well pad construction and related payment rights pipeline construction and related payment rights access roadway construction and related payment rights gate construction, maintenance, and access royalty payments taxes / Clean and Green rollback penalties mechanics liens indemnification warranties and representations made by the OWNER timber cutting procedures and payment rights other issues important to the OWNER Memorandum: In order to protect its investment in a property, a LEASING COMPANY may want to make a public record of the fact that it has obtained a lease. On the other hand, the LEASING COMPANY may not want the general public to know the specific terms of the lease that it has negotiated with each OWNER. Therefore, the LEASING COMPANY may file a short document called a Memorandum with the Recorder of Deeds for the County. The Memorandum will let the public know that the LEASING COMPANY has obtained a lease, but the Memorandum does not specify all of the details of the lease. Payment Document: Generally, a LEASING COMPANY will not pay an OWNER for an Oil and Gas lease until the LEASING COMPANY verifies that the OWNER is the person who owns the Oil and Gas rights. Typically, a LEASING COMPANY will negotiate the terms of an Oil and Gas lease and then perform a title Oil and Gas Leasing Basics 2

3 search to verify that the OWNER is the correct person to pay for the lease. Often times the LEASING COMPANY will agree to conduct this title search and pay the OWNER in 90 days to 120 days. The terms of this payment are often detailed in a document called an Order of Payment. Some LEASING COMPANIES use other forms of payments such as Bank Drafts or Wire Transfers. Importantly, any documents that contain the payment terms could have important terms related to the LEASING COMPANY s payment obligations. The payment documents might spell out the OWNER s rights in the event that the Oil and Gas Company does not pay in the time specified. Affidavit: Some LEASING COMPANIES require OWNERs to sign an affidavit along with their lease. Affidavits may require an owner to make a variety of representations about: (1) his or her ownership of the property; or (2) his or her knowledge of Oil and Gas drilling activity on the property. If an OWNER makes a representation in an Affidavit and that representation turns out to be false, the LEASING COMPANY might attempt to seek the return of its payments. Therefore, it is important to review these representations very closely. v THE OIL AND GAS PRODUCTION RIGHTS THAT ARE CONVEYED BY A LEASE The Basic Right Conveyed: An Oil and Gas lease is a contract. Every lease can be different. From a legal standpoint, each lease can have different consequences to an Oil and Gas OWNER. Generally speaking, most leases will give the LEASING COMPANY two main rights: (1) the right to search for Oil and Gas; and (2) the right to produce (extract) Oil and Gas if a productive well is drilled. As discussed below, most leases will also provide the LEASING COMPANY with additional rights. The Primary Term or Period for Searching : In most leases, the LEASING COMPANY has the right to search for Oil and Gas during for an initial predetermined period of time. Searching typically means conducting scientific tests, surveys, or even drilling wells. The initial period of time that is open for searching is called the primary term. The primary term is typically a specific number of years that the OWNER and LEASING COMPANY agree upon to allow for initial searching before a well starts to produce Oil and Gas. The primary term typically lasts anywhere from 5 years to 10 years. Extending the Primary Term: Some leases provide the LEASING COMPANY with flexibility to increase the initial searching period by paying additional money before an agreed upon deadline. This is often called an option to extend the primary term. Lease provisions governing the extension of the primary term are often strict when it comes to payment requirements and deadlines. OWNERS should review these clauses very closely. Sometimes a LEASING COMPANY s attempt to extend a primary term creates a question as to whether the correct amount was paid and whether it was paid by the correct date. This can result in a dispute placing large amounts of money and important Oil and Gas rights at stake. The OWNER may take the position that the lease has expired because payment was not made in strict accordance with the terms of the extension provision. The OWNER may want to negotiate new, more favorable terms. Meanwhile, the LEASING COMPANY may take the position that the lease is still valid under the previously negotiated terms. (See the DISPUTES chapter for more information). It is critical to evaluate these situations closely. Oil and Gas Leasing Basics 3

4 An OWNER may be required to make important decisions very quickly, and attorneys can be helpful in navigating these situations. The Secondary Term: The vast majority of leases can be carried over from the primary term into a secondary term once gas has been produced by a well. During the secondary term, the LEASING COMPANY will typically have the right to produce gas from a well that it has drilled. In many leases, the LEASING COMPANY will continue to have the right to search for Oil and Gas. Most leases allow the secondary term to last as long as gas is being produced in sufficient quantities to be profitable. That can translate into decades or even longer. Importantly, leases may be carried into the secondary term by engaging in other activities aside from actually extracting oil or gas. Each lease will specify exactly which activities are sufficient to convert the lease from the primary term into the secondary term. In some leases, these activities could be as minimal as surveying the property, applying for a permit, or excavating ground for a well site. Other activities that might extend a lease into the secondary term could include storage of gas under an OWNER s property (for which the OWNER might not receive lucrative production royalties). Importantly, a LEASING COMPANY may try to rely on these activities to hold a property under lease for a very long time. However, many of these activities might not result in the payment of royalties to the OWNER. OWNERS should review all lease terms closely to ensure that they are acceptable and consistent with their personal objectives. It is very important to review leases carefully to see what conduct could extend a lease into the secondary term. These terms are important when entering a lease. Once a lease is in place, it is not always clear whether the secondary term has been triggered or whether it has expired. That analysis can require a detailed review of: (i) the entire lease; (ii) the drilling and production history for the property; and (iii) the related legal rules governing Oil and Gas leases. w OIL AND GAS LEASES MAY TRANSFER MORE THAN OIL AND GAS RIGHTS Importantly, an Oil and Gas Lease may give a LEASING COMPANY more than the right to drill for Oil and Gas. Many lease proposals contain standardized provisions. If those standardized provisions remain unchanged, they often provide the LEASING COMPANY extensive rights. Some of those rights are discussed below. Surface Use Rights: Of course, a LEASING COMPANY needs to drill a well to extract Oil and Gas. With modern horizontal drilling techniques, however, the well does not necessarily need to be on an OWNER s property. Therefore, not every lease needs to include the right to conduct surface operations on the OWNER s property. OWNERS should know that the standard provisions in many leases may allow LEASING COMPANIES to construct well pads, access roadways, pipelines, pits, ponds, power lines, drainage facilities, compressor stations, and many other types of facilities. Typically, LEASING COMPANIES are willing to pay more in exchange for the right to conduct these activities on an OWNER s property. However, if these types of activities would interfere with the OWNER s use of the property, then the OWNER should review these clauses with particularly close attention. The OWNER should be prepared to accept less money in exchange for restricting the LEASING COMPANY s rights to use the surface of the property. Oil and Gas Leasing Basics 4

5 Underground Storage Rights: LEASING COMPANIES may also seek the right to store gas underground. Natural gas is typically found in underground rock formations. Once all of the gas has been removed from a rock formation, it leaves empty spaces. A gas company can pump gas back into those spaces for storage. The storage process typically works in a cycle like this: (1) during the summer months, gas is extracted from rich shale reserves (like the Marcellus Shale); (2) gas is then stored in depleted sandstone reserves (i.e., old shallow wells); (3) when cold winter months arrive and gas is needed, it is pumped out of the storage areas. Importantly, under some leases, underground storage activity can go on for a very long period of time without the OWNER receiving lucrative production royalties. OWNERS should carefully review which underground storage rights, if any, they convey in a lease. OWNERS should consider what benefits they receive in return for underground storage rights. Pipelines and Waterlines: Some Leases include language that would give the LEASING COMPANY the right to construct pipelines and waterlines. It is important to review these terms for important issues, like: Which gas can be moved through the pipelines? (i.e., Is the pipeline being used for the benefit of this property?) How big will the pipeline right of way be? Where will the pipeline right of way be located? How will the pipeline right of way be maintained? What compensation will be paid for the right of way? How long will the LEASING COMPANY have the right to use the right of way? OWNERS will often prefer to exclude a general right to construct pipelines from their Lease. They will often attempt to negotiate the terms of a pipeline right of way in a separate agreement. Injection Wells: Many standard lease forms allow for the right to drill brine injection wells. This activity causes some OWNERS concerns with regard to property value, potential liability, and potential environmental impact. Again, OWNERS should be careful to review which rights they give and which benefits they receive in return. x PAYMENT FOR OIL AND GAS LEASES Modern Oil and Gas leases typically provide for three types of payments: 1. an upfront bonus payment; 2. royalties; 3. other payments for the use of the property. Upfront Bonus Payments are typically negotiated with the lease. After the LEASING COMPANY confirms that the OWNER actually owns the Oil and Gas, then it will pay the upfront bonus. The procedure for making an upfront bonus are usually set forth in a document called a Memorandum of Payment. The Oil and Gas Leasing Basics 5

6 document will state that the LEASING COMPANY has a set period of time (usually 90 days to 120 days) in order to confirm that the OWNER actually owns the Oil and Gas. After that period, the LEASING Company will pay the bonus by check or wire transfer. There are other methods for paying bonuses, but this method is the most common. The amount of the upfront bonus payment can depend on a variety of factors. For example, if a lease gives the LEASING COMPANY the right to use the surface for drilling, the upfront bonus is typically higher. Other factors that can push bonus payments up include: a strong oil and gas market; nearby wells with established production histories; and several landowners with adjoining properties who are willing to work together to negotiate a lease. Some factors that can push bonus prices down include: local laws that restrict drilling activities; a lack of access to pipelines; or a poor market for oil and gas. Royalties are paid as a percentage of the value of the oil and gas produced. Importantly, costs are associated with producing oil and gas. There are costs necessary to bring the Oil and Gas to the surface of the ground. These are known as preproduction costs. They usually include the costs for drilling a well. Many leases do not deduct preproduction costs from royalties. There are also costs associated with getting the Oil and Gas from the surface to the point where it is sold. These are called postproduction costs. Many leases allow a LEASING COMPANY to subtract postproduction costs from the royalties that are ultimately paid to an OWNER. These postproduction costs can include the costs of separating gas from water, compressing the gas, and transporting it in a pipeline to where it is ultimately sold. Once the gas is ultimately sold, the LEASING COMPANY may subtract its costs in order to determine what the gas was worth when it came out of the ground. The LEASING COMPANY may pay the OWNER royalties minus the postproduction costs. It is important to review a lease and evaluate what costs can be deducted. It is also important to review the manner in which a LEASING COMPANY is entitled to account for its costs. There are many different ways of accounting for costs. It is important to understand what protections the lease provides and what protections the law provides. Other payments are often made for use of the property. For example, when a LEASING COMPANY installs a well pad or an access road, it will often pay the person who owns the surface for the damage to the property. Sometimes the amount of the payment is negotiated beforehand in the lease. Sometimes, the parties agree that they will negotiate the amount later. Trent A. Echard is admitted to law practice in PA, OH, and WV. He is the Co-Chair of the Oil and Gas Practice Group at Strassburger McKenna Gutnick & Gefsky. Trent can be reached by at techard@smgglaw.com or by phone at (412) (Pittsburgh) or (724) (Greensburg). This article is for informational purposes only. If you have questions about an oil and gas matter, you should consult a lawyer Trent A. Echard Oil and Gas Leasing Basics 6

Important aspects of an oil & gas lease Clif Little OSU Extension Agriculture and Natural Resources Guernsey and Noble Counties Feb.

Important aspects of an oil & gas lease Clif Little OSU Extension Agriculture and Natural Resources Guernsey and Noble Counties Feb. Important aspects of an oil & gas lease Clif Little OSU Extension Agriculture and Natural Resources Guernsey and Noble Counties Feb. 2011 Oil and gas exploration may have great economic implications for

More information

Shale Gas Leasing: Lessons from the Marcellus Shale Patch

Shale Gas Leasing: Lessons from the Marcellus Shale Patch Shale Gas Leasing: Lessons from the Marcellus Shale Patch Federal Reserve Bank of Chicago Farmland Leases: Tales, Types, and Trends Chicago, Illinois November 27, 2012 Section 2205 Agricultural Law Center

More information

New York State School Boards Association 2009 Annual Convention, NYC October 15-18, Natural Gas and New York Public Schools 1

New York State School Boards Association 2009 Annual Convention, NYC October 15-18, Natural Gas and New York Public Schools 1 Natural Gas and New York Public Schools Presented by Hogan, Sarzynski, Lynch, James A. Gregory, Esq. Extent of Marcellus Shale In US with thickness Tapping the Marcellus Shale 1 Well permits Madison and

More information

High Plains Economic District Southeast Wyoming Oil Exploration Seminar Series: Part II. Terms of Oil and Gas Lease and Surface Damage Agreement

High Plains Economic District Southeast Wyoming Oil Exploration Seminar Series: Part II. Terms of Oil and Gas Lease and Surface Damage Agreement High Plains Economic District Southeast Wyoming Oil Exploration Seminar Series: Part II Terms of Oil and Gas Lease and Surface Damage Agreement Disclaimer Nothing in this presentation constitutes legal

More information

Basic Lease Considerations, Pooling & Landowner Groups , or

Basic Lease Considerations, Pooling & Landowner Groups , or Basic Lease Considerations, Pooling & Landowner Groups 740-732-5681, 740-489-5300 or little.16@cfaes.osu.edu Objectives Cover important aspects of leasing Provide a basic description of pooling and the

More information

Seneca Resources Corporation. Comments on Senate Bill 258

Seneca Resources Corporation. Comments on Senate Bill 258 Seneca Resources Corporation Comments on Senate Bill 258 Before the Pennsylvania State Senate Environmental Resources and Energy Committee Public Hearing March 19, 2013 Presented by: Dale A. Rowekamp,

More information

Ohio State University Extension, 2120 Fyffe Road, Columbus, OH 43210

Ohio State University Extension, 2120 Fyffe Road, Columbus, OH 43210 FACT SHEET Ohio State University Extension, 2120 Fyffe Road, Columbus, OH 43210 Shale Oil and Gas Development Fact Sheet Series Understanding and Negotiating Pipeline Easements Peggy Kirk Hall Director,

More information

Compulsory Integration and Eminent Domain

Compulsory Integration and Eminent Domain Compulsory Integration and Eminent Domain By Attorney Christopher Denton Eminent Domain and Compulsory Integration are inextricably linked and invariably misunderstood as a consequence. We first need to

More information

LANDOWNERS RIGHTS IN OIL AND GAS LEASING

LANDOWNERS RIGHTS IN OIL AND GAS LEASING LANDOWNERS RIGHTS IN OIL AND GAS LEASING Nathan M. Bouray Ebeltoft. Sickler. Kolling. Grosz. Bouray PLLC 46 West Second Street P.O. Box 1598 Dickinson, ND 58601 (701) 290 6713 nbouray@eskgb.com You have

More information

October 25, Eric R. King

October 25, Eric R. King Unitization and Communitization October 25, 2012 Eric R. King 52 O.S. 287.1 Unitized Management and Operation of Oil and Gas Properties The Legislature finds and determines that it is desirable and necessary,

More information

Faculty of Law An Introduction to Oil and Gas Law Saturday Morning at the Law School Lecture Series

Faculty of Law An Introduction to Oil and Gas Law Saturday Morning at the Law School Lecture Series Faculty of Law An Introduction to Oil and Gas Law Saturday Morning at the Law School Lecture Series June 4, 2016 Dr. Fenner Stewart Assistant Professor, University of Calgary Director, Midwest Center for

More information

David.

David. David V 12 Ohio Lawyer May/June 2012 www.ohiobar.org S Goliath Representing oil and gas lessors As Ohio becomes a new site for horizontal shale drilling purveyors, many landowners are finding themselves

More information

Negotiating Oil and Gas Leases on Indiana Farmland 1. Gerald A. Harrison Agricultural Economics

Negotiating Oil and Gas Leases on Indiana Farmland 1. Gerald A. Harrison Agricultural Economics EC-564 1 Legal Affairs Agricultural ECONOMICS Negotiating Oil and Gas Leases on Indiana Farmland 1 Gerald A. Harrison Agricultural Economics Contents Introduction...1 Considerations Before Signing...2

More information

Oil & Gas Leases Other Issues and Concerns

Oil & Gas Leases Other Issues and Concerns Topic L11 Oil & Gas Leases Other Issues and Concerns Eric E. Johnson ericejohnson.com Konomark Most rights sharable Pooling and Unitization Pooling and unitization both refer to combining multiple leases

More information

Mineral Rights Integration Information Sheet Updated February 4, 2015

Mineral Rights Integration Information Sheet Updated February 4, 2015 Mineral Rights Integration Information Sheet Updated February 4, 2015 Idaho has seen increased interest from companies seeking to drill for oil and gas. Ownership of mineral rights (including oil and gas

More information

Surface Use Agreements

Surface Use Agreements Leasing Issues Modern Lease Should Include: Royalty payment should be a condition of the lease Royalty valuation should be free of cost and valued at the higher of market value or proceeds at the point

More information

Negotiations. October 25, Eric R. King

Negotiations. October 25, Eric R. King Negotiations October 25, 2012 Eric R. King Speed controls being used in Canada... How s this for effective speed control? I don't know about you, but this would certainly slow me down! People slow down

More information

A Basic Overview: Mineral, Oil & Gas Assets What Every Fiduciary Should Know

A Basic Overview: Mineral, Oil & Gas Assets What Every Fiduciary Should Know A Basic Overview: Mineral, Oil & Gas Assets What Every Fiduciary Should Know November 5th, 2013 PDS Services, Inc. 1301 So. Bowen Rd, Suite 335; Arlington, TX 76013 www.pdscompanies.com 817 524 1201 This

More information

Southwest Ohio Landowners Group

Southwest Ohio Landowners Group Southwest Ohio Landowners Group Perry, Muskingum, Morgan, Athens, and Licking, with potential inclusion of Meigs and Hocking Counties. A L A N D O W N E R S G R O U P F O R T H E C O U N T I E S I N T

More information

Wind Energy Easements

Wind Energy Easements Wind Energy Easements Prepared by Robert R. Nardi Willeke & Daniels 210 Ridgewood Avenue Minneapolis, MN 55403 (612) 870-4000 Presented by John H. Daniels, Jr. Willeke & Daniels 210 Ridgewood Avenue Minneapolis,

More information

Information about Oil and Gas Leasing For Surface Owners Who Also Own Their Minerals.

Information about Oil and Gas Leasing For Surface Owners Who Also Own Their Minerals. Information about Oil and Gas Leasing For Surface Owners Who Also Own Their Minerals. May 16, 2008, Edition Presented for educational and informational purposes only. Consult with your own attorney if

More information

JARED B. BOEHS, CPL, CMM Cutter Energy, LLC

JARED B. BOEHS, CPL, CMM Cutter Energy, LLC Mock Lease Negotiation and Leasing Essentials Presented By: PATTI WEST, RPL, CMM WEST LAND MANAGEMENT, INC. JARED B. BOEHS, CPL, CMM Cutter Energy, LLC 2017 NARO National Convention September 6-9, 2017

More information

OIL & GAS NEWSLETTER

OIL & GAS NEWSLETTER OIL & GAS NEWSLETTER Issue Date: December, 2012 Editor: Curtis Talley Jr., MSU Extension Farm Management Educator, Hart, MI 231-873-2129; talleycu@anr.msu.edu. This newsletter is intended for landowners

More information

ATTACHMENT 4 CERCLA NOTICE, COVENANT, AND ACCESS PROVISIONS AND OTHER DEED PROVISIONS

ATTACHMENT 4 CERCLA NOTICE, COVENANT, AND ACCESS PROVISIONS AND OTHER DEED PROVISIONS ATTACHMENT 4 CERCLA NOTICE, COVENANT, AND ACCESS PROVISIONS AND OTHER DEED PROVISIONS CERCLA NOTICE, COVENANT, AND ACCESS PROVISIONS AND OTHER DEED PROVISIONS The following CERCLA Notice, Covenant, and

More information

MISSISSIPPI LEGAL CONSIDERATIONS

MISSISSIPPI LEGAL CONSIDERATIONS MISSISSIPPI LEGAL CONSIDERATIONS TMS Wealth Management Conference Southwest Community College September 26, 2014 Stan T. Ingram Biggs, Ingram & Solop, PLLC MINERAL ESTATE VS. SURFACE ESTATE A severed

More information

Oil & Gas Leasing in North Carolina

Oil & Gas Leasing in North Carolina Oil & Gas Leasing in North Carolina I. Statutory/Regulatory a. The Oil and Gas Conservation Act (1945), N.C.G.S. 113-387 - 415 i. 113-389(14) Waste... shall include:... f. The drowning with water of any

More information

TRANSFER OF DEVELOPMENT RIGHTS

TRANSFER OF DEVELOPMENT RIGHTS STEPS IN ESTABLISHING A TDR PROGRAM Adopting TDR legislation is but one small piece of the effort required to put an effective TDR program in place. The success of a TDR program depends ultimately on the

More information

Copyright 2012 Imperium Energy Resources, Inc. All rights reserved.

Copyright 2012 Imperium Energy Resources, Inc. All rights reserved. Copyright 2012 Imperium Energy Resources, Inc. All rights reserved. TABLE OF CONTENTS INTRODUCTION... 6 DUTIES OF A LANDMAN... ERROR! BOOKMARK NOT DEFINED. RESEARCHING AND EXAMINING MINERAL AND SURFACE

More information

Speaker 19: David E. Vieweg of Fennemore Craig PC Page 1 CONVENIENCE STORE LEASING. David E. Vieweg Fennemore Craig P.C.

Speaker 19: David E. Vieweg of Fennemore Craig PC Page 1 CONVENIENCE STORE LEASING. David E. Vieweg Fennemore Craig P.C. Speaker 19: David E. Vieweg of Fennemore Craig PC Page 1 CONVENIENCE STORE LEASING David E. Vieweg Fennemore Craig P.C. A. Introduction. A convenience store lease is a hybrid retail lease with numerous

More information

What We Have Learned. Horizontal Shale Drilling: the Process of Drilling and the Impacts. by: Chris Penrose. by: Clif Little

What We Have Learned. Horizontal Shale Drilling: the Process of Drilling and the Impacts. by: Chris Penrose. by: Clif Little Horizontal Shale Drilling: the Process of Drilling and the Impacts by: Chris Penrose Associate Professor, OSU Extension & Extension Educator Ag/NR Basic Lease Considerations by: Clif Little Associate Professor,

More information

Gas Exploration and Leasing on Private Land: Tips and Guidance for New York Landowners

Gas Exploration and Leasing on Private Land: Tips and Guidance for New York Landowners UPDATED JULY 2008 Gas Exploration and Leasing on Private Land: Tips and Guidance for New York Landowners Summary: Natural gas exploration poses opportunities for rural economic development in New York

More information

Published by: Alberta Agriculture and Rural Development Street Edmonton, Alberta T6H 5T6. Printed in Canada

Published by: Alberta Agriculture and Rural Development Street Edmonton, Alberta T6H 5T6. Printed in Canada Published by: Alberta Agriculture and Rural Development 7000-113 Street Edmonton, Alberta T6H 5T6 Printed in Canada Copies of this publication are available from: Publications Office Alberta Agriculture

More information

Common Pitfalls of Oil and Gas Leases

Common Pitfalls of Oil and Gas Leases Common Pitfalls of Oil and Gas Leases standards) 1. Grant - Lease only one parcel per lease. a. Lease vs contract b. Mortgage rights c. Reserve the right to develop other energy sources on site. Wind,

More information

Oil & Gas Division Orders. Andrew Graham Steptoe & Johnson PLLC Morgantown, WV

Oil & Gas Division Orders. Andrew Graham Steptoe & Johnson PLLC Morgantown, WV Oil & Gas Division Orders Andrew Graham Steptoe & Johnson PLLC Morgantown, WV Division orders Purpose Liability Notice Conflicts Division order title opinions Risk allocation Company need What is a division

More information

Can the Landowner Ride the Wind? By: Brandon L. Jensen Budd-Falen Law Offices, LLC

Can the Landowner Ride the Wind? By: Brandon L. Jensen Budd-Falen Law Offices, LLC Can the Landowner Ride the Wind? By: Brandon L. Jensen Budd-Falen Law Offices, LLC There are a lot of reasons that western landowners love to hate the wind --- it s relentless, constant, never ceasing,

More information

Texas Pipeline Easement Negotiation Checklist

Texas Pipeline Easement Negotiation Checklist EAG-009 6/14 Texas Pipeline Easement Negotiation Checklist Tiffany Dowell Assistant Professor and Extension Specialist Texas A&M AgriLife Extension Service In response to the oil and gas boom in Texas,

More information

NYS DEC s Regulation of Oil and Gas Drilling in New York

NYS DEC s Regulation of Oil and Gas Drilling in New York NYS DEC s Regulation of Oil and Gas Drilling in New York October 21, 2010 LINDA COLLART REGIONAL MINERAL RESOURCES SUPERVISOR DIVISION OF MINERAL RESOURCES NYSDEC Regulatory Authority New York State Environmental

More information

Exclusive Right of Sale Listing Agreement Preparation Manual

Exclusive Right of Sale Listing Agreement Preparation Manual Exclusive Right of Sale Listing Agreement Preparation Manual Table of Contents General Considerations for Completing Preprinted Agreements... 3 Specific Considerations for Completing the Exclusive Right

More information

Miriam J. Baer, Executive Director

Miriam J. Baer, Executive Director Miriam J. Baer, Executive Director January 28, 2013 North Carolina Real Estate Commission n State government agency n Dedicated to licensing and regulation of real estate brokers n Your source for real

More information

Fracking and property values in Colorado

Fracking and property values in Colorado April 5, 2016 By Kayla Harris Fracking and property values in Colorado With several proposed 2016 ballot measures attempting to regulate where and how fracking occurs in Colorado, Ballotpedia undertook

More information

Tax Sale Sniper Basic Training

Tax Sale Sniper Basic Training Tax Sale Sniper Basic Training Establishing Property Values and Maximum Bids Rick Dawson / DeedGrabber.com Inc PO Box 3348 Munster IN 46321 800-242-5410 Copyright Rick Dawson/DeedGrabber.com Inc All rights

More information

SELLER WARRANTIES AND DUE DILIGENCE IN THE PURCHASE OF COMMERCIAL REAL ESTATE. ALAN WAYTE Dewey Ballantine LLP Los Angeles

SELLER WARRANTIES AND DUE DILIGENCE IN THE PURCHASE OF COMMERCIAL REAL ESTATE. ALAN WAYTE Dewey Ballantine LLP Los Angeles SELLER WARRANTIES AND DUE DILIGENCE IN THE PURCHASE OF COMMERCIAL REAL ESTATE ALAN WAYTE Dewey Ballantine LLP Los Angeles I. The attempt to learn everything possible about real estate prior to the time

More information

THE BASICS: Commercial Agreements

THE BASICS: Commercial Agreements THE BASICS: Commercial Agreements of Sale Adam M. Silverman Cozen O Connor 1900 Market Street Philadelphia, PA 19103 215.665.2161 asilverman@cozen.com 2010 Cozen O Connor. All Rights Reserved. TABLE OF

More information

PAID-UP OIL & GAS LEASE

PAID-UP OIL & GAS LEASE PAID-UP OIL & GAS LEASE Lease No. This Lease made this day of 2012, by and between:, of, hereinafter collectively called Lessor, and Pleasant View Management Ohio, a Delaware Corporation with mailing address

More information

WIND LAW. Wind Energy Seminar Wednesday, February 5, The Wind Lease

WIND LAW. Wind Energy Seminar Wednesday, February 5, The Wind Lease WIND LAW Wind Energy Seminar Wednesday, February 5, 2013 The Wind Lease Steven K. DeWolf sdewolf@bd-law.com & Rod E. Wetsel wetsel@wetsel-carmichael.com Office Hours: Tuesdays 12:00 p.m. to 3:30 p.m. or

More information

Economic Development & Housing Committee. Gas Exploration in the City of Dallas. September 5, 2006

Economic Development & Housing Committee. Gas Exploration in the City of Dallas. September 5, 2006 Economic Development & Housing Committee Gas Exploration in the City of Dallas September 5, 2006 1 Outline Purpose Background City of Dallas SUP requirements Possible Changes to current Development Code

More information

The Politicians Creed IT IS NOT WHETHER YOU WIN OR LOSE, BUT HOW WELL YOU PLACE THE BLAME.

The Politicians Creed IT IS NOT WHETHER YOU WIN OR LOSE, BUT HOW WELL YOU PLACE THE BLAME. 1:1 The Politicians Creed IT IS NOT WHETHER YOU WIN OR LOSE, BUT HOW WELL YOU PLACE THE BLAME. My Personal Creed If it Ain t broke It Ain t mine!! Today s Test Question about Texas Where were Hereford

More information

KEY ISSUES IN TITLE INVESTIGATION

KEY ISSUES IN TITLE INVESTIGATION KEY ISSUES IN TITLE INVESTIGATION Texas Land Trust Council Conference, 2017 Burgess Jackson Law Office of Burgess Jackson Allison Elder, Director of Legal Services San Antonio River Authority KEY ISSUES

More information

The recent downturn in oil and gas prices stymied

The recent downturn in oil and gas prices stymied Oil and Gas Lease Extensions Judon Fambrough May 12, 2015 Publication 2100 The recent downturn in oil and gas prices stymied exploration and production in many areas of the state. Presently, oil and gas

More information

OIL & GAS NEWSLETTER

OIL & GAS NEWSLETTER OIL & GAS NEWSLETTER Issue Date: June, 2011 Editor: Curtis Talley Jr., MSU Extension Farm Management Educator, Hart, MI 231-873-2129 This is the third issue of our newsletter for landowners and other members

More information

Going Green Wind and Solar Energy

Going Green Wind and Solar Energy Energy Issues What you need to know about oil, gas, shale, wind and solar panel leases November 13, 2012 Maria Armstrong Bricker & Eckler LLP marmstrong@bricker.com 614.227.8821 Matt Warnock Bricker &

More information

LEASE CLAUSES FOR THE MODIFIED LYNCH FORM. Description of Leased Substances Coalbed Methane. Description of Premises Limited Depth.

LEASE CLAUSES FOR THE MODIFIED LYNCH FORM. Description of Leased Substances Coalbed Methane. Description of Premises Limited Depth. LEASE CLAUSES FOR THE MODIFIED LYNCH FORM Clause 1. Grant of Leased Premises Description of Leased Substances Coalbed Methane. Lessor grants, leases and lets exclusively to Lessee any and all rights it

More information

Questions and Answers on: R E A L E S T A T E C L O S I N G S

Questions and Answers on: R E A L E S T A T E C L O S I N G S Questions and Answers on: R E A L E S T A T E C L O S I N G S In the typical residential real estate sales transaction, a buyer offers to purchase property from a seller. After negotiating the price and

More information

Do You See What I See? Most Likely Not! Visibility Covenants in Commercial Leases

Do You See What I See? Most Likely Not! Visibility Covenants in Commercial Leases C:\Users\ajohnson\Downloads\Visibility_Covenants_in_Commercial_Leases_-_JP_rev_July_30-2014.doc Do You See What I See? Most Likely Not! Visibility Covenants in Commercial Leases Jamie Paquin Introduction

More information

GENERAL INFORMATION AND NOTICE TO BUYERS AND SELLERS

GENERAL INFORMATION AND NOTICE TO BUYERS AND SELLERS GENERAL INFORMATION AND NOTICE TO BUYERS AND SELLERS USE OF THIS FORM BY PERSONS WHO ARE NOT MEMBERS OF THE TEXAS ASSOCIATION OF REALTORS IS NOT AUTHORIZED. Texas Association of REALTORS, Inc. 2018 Be

More information

Canlin Energy Corporation Bidding Guidelines Fee Title Assets November 15, 2017

Canlin Energy Corporation Bidding Guidelines Fee Title Assets November 15, 2017 Bidding Guidelines Fee Title Assets November 15, 2017 1. SCOPE Canlin Resources Partnership, by its managing partner, ( CEC ), is making its Saskatchewan fee title petroleum and natural gas rights available

More information

Joseph B.C. Fitzsimons. Chase Currie, Ph.D. Blair Fitzsimons. Uhl, Fitzsimons, Jewett & Burton. Joint Venture. Land Trust

Joseph B.C. Fitzsimons. Chase Currie, Ph.D. Blair Fitzsimons. Uhl, Fitzsimons, Jewett & Burton. Joint Venture. Land Trust Joseph B.C. Fitzsimons Uhl, Fitzsimons, Jewett & Burton Chase Currie, Ph.D. Blair Fitzsimons Rancho San Pedro Texas Agricultural Joint Venture Land Trust TEXAS LAND CONSERVATION CONFERENCE 2016 Part One:

More information

A Few Comments on the Terms of a Chesapeake Lease

A Few Comments on the Terms of a Chesapeake Lease A Few Comments on the Terms of a Chesapeake Lease I have prepared these brief comments on some of the terms of a Chesapeake lease at the request of Sue Lange, Chair of the Planning Board of the Town of

More information

Understanding. Clean and Green. Lycoming County Assessment Office 48 West Third Street Williamsport PA (570)

Understanding. Clean and Green. Lycoming County Assessment Office 48 West Third Street Williamsport PA (570) Understanding Clean and Green Lycoming County Assessment Office 48 West Third Street Williamsport PA 17701 (570) 327-2301 DISCLAIMER: The material contained in this booklet is intended to provide only

More information

As the natural gas industry continues

As the natural gas industry continues Marcellus Education Fact Sheet Natural Gas Lessors Experiences in Bradford and Tioga Counties, 2010 In cooperation with the Marcellus Shale Education and Training Center As the natural gas industry continues

More information

CHECKLIST FOR NEGOTIATING AN OIL AND GAS LEASE

CHECKLIST FOR NEGOTIATING AN OIL AND GAS LEASE CHECKLIST FOR NEGOTIATING AN OIL AND GAS LEASE by John B. McFarland Graves, Dougherty, Hearon & Moody, P.C 401 Congress Ave., Suite 2200, Austin, Texas 78701 www.gdhm.com www.oilandgaslawyerblog.com This

More information

Dallas Sloan General Manager Barron Area Phone: (715) Toll Free: Fax: (715) NEW SERVICE PROCESS

Dallas Sloan General Manager   Barron Area Phone: (715) Toll Free: Fax: (715) NEW SERVICE PROCESS Barron Area Phone: (715) 537-3171 Toll Free: 800-322-1008 Fax: (715) 637-1906 Dallas Sloan General Manager NEW SERVICE PROCESS Paperwork: Membership application social security number required for credit

More information

Curtis Talley Jr. Farm Management Educator MSU Extension, Hart, MI

Curtis Talley Jr. Farm Management Educator MSU Extension, Hart, MI MINERAL RIGHTS TOWN HALL MEETING 7 28 15 Sponsored by State Representative Tom Cochran Ingham County Mason Historical Museum 200 East Oak Street, Mason, MI Curtis Talley Jr. Farm Management Educator MSU

More information

The Marcellus Shale Natural Gas Rush: The Impact of Drilling on Surface Owner Rights

The Marcellus Shale Natural Gas Rush: The Impact of Drilling on Surface Owner Rights The Agricultural Law Resource and Reference Center www.law.psu.edu/aglaw The Marcellus Shale Natural Gas Rush: The Impact of Drilling on Surface Owner Rights (January 18, 2011) Prepared by Prof. Ross H.

More information

EXTENDED COVERAGE. Extended Coverage 7/2000

EXTENDED COVERAGE. Extended Coverage 7/2000 EXTENDED COVERAGE Definition: is the Company s term for providing title insurance coverage on an owner s policy over the five general exceptions. Each of them relates to matters that are unrecorded and

More information

Buyers Guide to REO Properties

Buyers Guide to REO Properties 2010 Buyers Guide to REO Properties Mike Bridges Property Express CRM 2/22/2010 Table of Contents Table of Contents... 2 Introduction... 3 What are REO Properties?... 3 The Buying Process... 3 Select a

More information

RENTS, ROYALTIES, EASEMENTS AND LAND VALUES

RENTS, ROYALTIES, EASEMENTS AND LAND VALUES RENTS, ROYALTIES, EASEMENTS AND LAND VALUES M. Ragheb 3/26/2011 INTRODUCTION Developers and landowners have invested in long term leases for wind farms potential sites in the American Midwest in states

More information

Natural Gas Exploration

Natural Gas Exploration College of Agricultural Sciences Agricultural Research and Cooperative Extension Natural Gas Exploration A Landowner s Guide to Leasing Land in Pennsylvania Marcellus Education Team Natural Gas Exploration

More information

MOTION TO SET ROAD SPECIFICATION STANDARDS

MOTION TO SET ROAD SPECIFICATION STANDARDS MOTION TO SET ROAD SPECIFICATION STANDARDS Whereas; Pelican Township, Crow Wing County, Minnesota, has legal authority over certain local roads, and Whereas; Pelican Township does lawfully accept certain

More information

Oil & Gas Lease Auctions: An Economic Perspective

Oil & Gas Lease Auctions: An Economic Perspective Oil & Gas Lease Auctions: An Economic Perspective March 15, 2010 Presented by: The Florida Legislature Office of Economic and Demographic Research 850.487.1402 http://edr.state.fl.us Bidding for Oil &

More information

ACCESS AND OPTION AGREEMENT TEMPLATE FOR REAL PROPERTY PARTNERSHIP PROJECTS

ACCESS AND OPTION AGREEMENT TEMPLATE FOR REAL PROPERTY PARTNERSHIP PROJECTS ACCESS AND OPTION AGREEMENT TEMPLATE FOR REAL PROPERTY PARTNERSHIP PROJECTS Appendix 3 This ACCESS AND OPTION AGREEMENT (this Agreement ) is entered into as of, 201 (the Execution Date ), by and between

More information

IC Application of chapter Sec. 1. This chapter applies to all municipalities. As added by Acts 1981, P.L.309, SEC.82.

IC Application of chapter Sec. 1. This chapter applies to all municipalities. As added by Acts 1981, P.L.309, SEC.82. IC 36-9-9 Chapter 9. Municipal Street Lights IC 36-9-9-1 Application of chapter Sec. 1. This chapter applies to all municipalities. IC 36-9-9-2 "City block" defined Sec. 2. As used in this chapter, "city

More information

Stock Purchase Agreement Commentary

Stock Purchase Agreement Commentary Stock Purchase Agreement Commentary This is just one example of the many online resources Practical Law Company offers. PLC Corporate and Securities Commentary on key terms and conditions commonly found

More information

ImlTRUST LANDS. August 15, 2014

ImlTRUST LANDS. August 15, 2014 1707 North 9th Street PO Box 5523 Bismarck, ND 58506-5523 Phone: (701) 328-2800 Fax: (701 ) 328-3650 www.fand.nd.gov Letter of Comment No. 38 D E PARTMENT OF ImlTRUST LANDS INVE STING FOA EDUCATION Lance

More information

FLOPPING OR A VALID INCREASE IN MARKET VALUE?

FLOPPING OR A VALID INCREASE IN MARKET VALUE? FLOPPING OR A VALID INCREASE IN MARKET VALUE? by Keith J. Barton, Esq. 10684 Main St. PO Box 54 Mantua, OH 44255 330-274-4141 Office 866-499-0451 Fax keith.barton@gmail.com www.kbartonlaw.com Disclaimer:

More information

IC Application of chapter Sec. 1. This chapter applies to all municipalities. As added by Acts 1981, P.L.309, SEC.82.

IC Application of chapter Sec. 1. This chapter applies to all municipalities. As added by Acts 1981, P.L.309, SEC.82. IC 36-9-9 Chapter 9. Municipal Street Lights IC 36-9-9-1 Application of chapter Sec. 1. This chapter applies to all municipalities. IC 36-9-9-2 "City block" defined Sec. 2. As used in this chapter, "city

More information

Landowner Guide to Wind Leases and Easements. Pace Energy and Climate Center August, Project Manager: Zywia Wojnar

Landowner Guide to Wind Leases and Easements. Pace Energy and Climate Center August, Project Manager: Zywia Wojnar Landowner Guide to Wind Leases and Easements Pace Energy and Climate Center August, 2011 Project Manager: Zywia Wojnar Contributors: Anne Marie Hirschberger Todd Olinsky-Paul Leasing Your Land If you own

More information

Oil and Gas Acquisitions

Oil and Gas Acquisitions C. Randall Loewen (985) 292-2010 rloewen@millinglaw.com Oil and Gas Acquisitions February 2016 Unique Louisiana Issues in Due Diligence When reviewing title to properties located in the State of Louisiana,

More information

Purchasing share transfer property in Jersey

Purchasing share transfer property in Jersey JERSEY GUERNSEY LONDON BVI SINGAPORE JERSEY BRIEFING February 2010 Purchasing share transfer property in Jersey When you buy a unit in or a whole property by share transfer, you are in fact purchasing

More information

Triple Threat: Due Diligence Pitfalls for the Buyer, Seller, and Financier

Triple Threat: Due Diligence Pitfalls for the Buyer, Seller, and Financier Triple Threat: Due Diligence Pitfalls for the Buyer, Seller, and Financier This webcast will begin promptly at 12:00 PM EST Follow Steptoe & Johnson on Twitter: @Steptoe_Johnson ALSO FIND US ON http://www.linkedin.com/companies/216795

More information

DEPARTMENT OF HOUSING PRESERVATION AND DEVELOPMENT. Notice of Public Hearing and Opportunity to Comment on Proposed Rules

DEPARTMENT OF HOUSING PRESERVATION AND DEVELOPMENT. Notice of Public Hearing and Opportunity to Comment on Proposed Rules DEPARTMENT OF HOUSING PRESERVATION AND DEVELOPMENT Notice of Public Hearing and Opportunity to Comment on Proposed Rules What are we proposing? HPD is proposing amendments to Chapter 41 of Title 28 of

More information

ANATOMY OF A PRELIMINARY TITLE REPORT

ANATOMY OF A PRELIMINARY TITLE REPORT ANATOMY OF A PRELIMINARY TITLE REPORT The format for most preliminary title reports as issued by title insurance companies is consistently set forth in three sections, referred to as Schedules A, B, and

More information

Area of Mutual Interest Clauses: Opportunities and Pitfalls. Chris Champion Norton Rose Fulbright October 2, 2014

Area of Mutual Interest Clauses: Opportunities and Pitfalls. Chris Champion Norton Rose Fulbright October 2, 2014 Area of Mutual Interest Clauses: Opportunities and Pitfalls Chris Champion Norton Rose Fulbright October 2, 2014 Area of Mutual Interest Clauses Opportunities and Pitfalls History of AMI Clauses AMI clauses

More information

Small-Tract Mineral Owners vs. Producers: The Unintended Consequences of Well-Spacing Exceptions

Small-Tract Mineral Owners vs. Producers: The Unintended Consequences of Well-Spacing Exceptions Small-Tract Mineral Owners vs. Producers: The Unintended Consequences of Well-Spacing Exceptions Reid Stevens Texas A&M University October 25, 2016 Introduction to Well Spacing Mineral rights owners in

More information

ENVIRONMENTAL DUE DILIGENCE AND DEFECT PROCEDURE

ENVIRONMENTAL DUE DILIGENCE AND DEFECT PROCEDURE ROCKY MOUNTAIN MINERAL LAW FOUNDATION OIL AND GAS AGREEMENTS: PURCHASE AND SALE AGREEMENTS ENVIRONMENTAL DUE DILIGENCE AND DEFECT PROCEDURE Larry Nettles (713) 758-4586 lnettles@velaw.com May 12, 2016

More information

TENTATIVE MAP APPLICATION GUIDE (BCC 20-1)( 20-2 to )( to 20-91)( to )

TENTATIVE MAP APPLICATION GUIDE (BCC 20-1)( 20-2 to )( to 20-91)( to ) Butte County Department of Development Services PERMIT CENTER 7 County Center Drive, Oroville, CA 95965 Planning Division Phone 530.552.3701 Fax 530.538.7785 Email dsplanning@buttecounty.net FORM NO PLG-05

More information

FACT SHEET: Exploration for Oil and Gas

FACT SHEET: Exploration for Oil and Gas FACT SHEET: Exploration for Oil and Gas This fact sheet is intended to answer common questions that landowners and leaseholders may have about exploration activities, such as seismic surveys, on private

More information

Center for Entrepreneurial Studies, Stanford Graduate School of Business. Summary of Primary Issues in Acquisition Transactions

Center for Entrepreneurial Studies, Stanford Graduate School of Business. Summary of Primary Issues in Acquisition Transactions September 23, 2009 TO: FROM: RE: Center for Entrepreneurial Studies, Stanford Graduate School of Business Perkins Coie LLP Summary of Primary Issues in Acquisition Transactions This memorandum provides

More information

Oil & Gas Law. Class 12: OGL (4 / 7) Pooling and its Impacts on the Oil & Gas Lease

Oil & Gas Law. Class 12: OGL (4 / 7) Pooling and its Impacts on the Oil & Gas Lease Oil & Gas Law Class 12: OGL (4 / 7) Pooling and its Impacts on the Oil & Gas Lease 1 What is pooling Pooling Review Why / How it is done How is it different from unitization Voluntary vs. compulsory ==================================

More information

Guidelines for the Preparation & Use of the Pennsylvania Association of Realtors Pre-Settlement Possession Addendum to Agreement of Sale (Form PRE)

Guidelines for the Preparation & Use of the Pennsylvania Association of Realtors Pre-Settlement Possession Addendum to Agreement of Sale (Form PRE) Guidelines for the Preparation & Use of the Pennsylvania Association of Realtors Pre-Settlement Possession Addendum to Agreement of Sale (Form PRE) General Notes on Usage of PAR Standard Forms The Pennsylvania

More information

Topic Area: Property Ownership Total Topic Score: 7.0 Your Score: 2.0

Topic Area: Property Ownership Total Topic Score: 7.0 Your Score: 2.0 Home FAQs PSI Bookstore Logout Online Practice Test Portion Name: National Real Estate Salesperson Practice Exam 2015 Topic Area: Property Ownership Total Topic Score: 7.0 Your Score: 2.0 Practice Test

More information

Gateway Wholesale Homes PHILADELPHIA AREA DEEP DISCOUNTED PROPERTIES

Gateway Wholesale Homes PHILADELPHIA AREA DEEP DISCOUNTED PROPERTIES Gateway Wholesale Homes PHILADELPHIA AREA DEEP DISCOUNTED PROPERTIES Instructions for Submitting an Offer To submit an offer, please submit and attach copies of the signed contract and addendum, assignment

More information

Issues to Consider in Rights of First Refusal

Issues to Consider in Rights of First Refusal Issues to Consider in Rights of First Refusal Written By Clint D. Routson (cdr@wardandsmith.com) October 16, 2017 People often talk about giving or getting a Right of First Refusal ("ROFR") in real estate

More information

Handling Multiple Offers

Handling Multiple Offers Handling Multiple Offers Objectives Upon completion of this section the student should be able to: 1. Explain to buyers and sellers how to prepare and evaluate offers based on a buyer s ability to close

More information

Pennsylvania Game Commission Revenue Diverted from the Game Fund January 2008 Board Minutes

Pennsylvania Game Commission Revenue Diverted from the Game Fund January 2008 Board Minutes Pennsylvania Game Commission Revenue Diverted from the Game Fund January 2008 Board Minutes ½ acre prime tower site for $1 Verizon Donation for release from contract Jan 08 4,968 acres of land in Horton

More information

PAID-UP OIL & GAS LEASE

PAID-UP OIL & GAS LEASE PAID-UP OIL & GAS LEASE Lease No. This lease (the Lease ) made this day of, by and between, whose address is, hereinafter collectively called Lessor, and Strategic Land Partners, LLC, a Pennsylvania Limited

More information

MINERAL LAW FINAL EXAMINATION. P.N. Davis. Friday, December 10, 1999: 1:00-3:30 PM Thursday, December 16, 1999: 8:30-11:00 AM

MINERAL LAW FINAL EXAMINATION. P.N. Davis. Friday, December 10, 1999: 1:00-3:30 PM Thursday, December 16, 1999: 8:30-11:00 AM FINAL EXAMINATION MINERAL LAW P.N. Davis Friday, December 10, 1999: 1:00-3:30 PM Thursday, December 16, 1999: 8:30-11:00 AM THIS IS A TWO AND ONE-HALF (2½) HOUR EXAMINATION. THIS EXAMINATION CONTAINS SIX

More information

Mining Act, Claims and Leases/ Aggregate Permits. Lands & Waters Aggregate & Petroleum Resources March 15, 2006

Mining Act, Claims and Leases/ Aggregate Permits. Lands & Waters Aggregate & Petroleum Resources March 15, 2006 Subject: Policy No.: New: Ministry of Natural Resources Ministère des Richesses naturelles, Claims and Leases/ s A.R. 5.00.06 Yes Compiled by Branch: Section: Date Issued: Lands & Waters & Petroleum Resources

More information

Tyler County Forest Landowner Association Regular Meeting Minutes Saturday, September 11, :30am

Tyler County Forest Landowner Association Regular Meeting Minutes Saturday, September 11, :30am Tyler County Forest Landowner Association Regular Meeting Minutes Saturday, September 11, 2010-9:30am In Attendance: Forty-one members and visitors -- including Charles Zimmerman (President), Jack Clark

More information

Partnering To Develop Affordable Housing

Partnering To Develop Affordable Housing Partnering To Develop Affordable Housing Prepared by: Franke Consulting Group As part of the Development Seminar Series Under contract to: New York State Division of Housing & Community Renewal New York

More information